{"id":398714,"date":"2021-02-03T09:12:20","date_gmt":"2021-02-03T03:42:20","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=398714"},"modified":"2021-02-03T09:51:05","modified_gmt":"2021-02-03T04:21:05","slug":"oil-hits-one-year-peak-on-us-winter-storm","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-hits-one-year-peak-on-us-winter-storm\/","title":{"rendered":"Oil hits one-year peak on US winter storm"},"content":{"rendered":"<p>A US snowstorm pushed oil prices to pre-pandemic levels Tuesday as global stocks extended rallies on hopes for more US fiscal stimulus. <\/p>\n<p>Silver prices sank by nine percent to $26.78 an ounce after spiking the previous day to an eight-year peak on social media-driven demand.<\/p>\n<p>Stock indices fired up as investors got back in the saddle and snapped up bargain shares after last week&#8217;s global rout, which was fueled in part by the social media campaign to buy heavily shorted stocks that traders believe has petered out. <\/p>\n<p>There is &#8220;relief that, at least for the time being, that the raid on short sellers has been thwarted,&#8221; said Quincy Krosby, chief market strategist at Prudential Financial.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A US snowstorm pushed oil prices to pre-pandemic levels Tuesday as global stocks extended rallies on hopes for more US fiscal stimulus. Silver prices sank by nine percent to $26.78 an ounce after spiking the previous day to an eight-year peak on social media-driven demand. Stock indices fired up as investors got back in the saddle and snapped up bargain shares after last week&#8217;s global rout, which was fueled in part by the social media campaign to buy heavily shorted stocks that traders believe has petered out. There is &#8220;relief that, at least for the time being, that the raid [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[146,130,177],"tags":[],"class_list":["post-398714","post","type-post","status-publish","format-standard","hentry","category-deccan-herald-newspapers","category-newspapers","category-oil-gas-deccan-herald-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/398714","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=398714"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/398714\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=398714"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=398714"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=398714"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}